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Institutionalizing Stakeholder Engagement

In: Stakeholder Engagement

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  • Aimee L. Franklin

    (University of Oklahoma)

Abstract

Processes for gathering representative inputs about organizational activities or preferences related to decisions are seldom institutionalized. After reviewing the inputs of stakeholders, participation activities, and participant motivations in the earlier chapters, this statement may not seem surprising. There are almost as many types and groupings of stakeholders as there are active and passive participation activities. The number and variety of both have been continuously growing alongside globalization and technological advances, which, when combined, increase the geographic reach of stakeholders and organizations. Motivations can push and pull people into participation. Making an organizational commitment to a stakeholder engagement regime signals that an organization desires to be proactively responsive to stakeholders through their decisions as well as in the everyday activities of providing goods and services. Stakeholder engagement practices promote and evaluate relationships and design strategies for relationship management that can enhance value creation related to the organization’s economic and social performance goals.

Suggested Citation

  • Aimee L. Franklin, 2020. "Institutionalizing Stakeholder Engagement," Springer Books, in: Stakeholder Engagement, chapter 0, pages 121-139, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-47519-2_6
    DOI: 10.1007/978-3-030-47519-2_6
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    Cited by:

    1. Ani V. Ter-Mkrtchyan & Aimee L. Franklin, 2023. "Stakeholder Analysis in the Context of Natural Disaster Mitigation: The Case of Flooding in Three U.S. Cities," Sustainability, MDPI, vol. 15(20), pages 1-13, October.
    2. Andrea Testi & Iacopo Zetti & Elena Tarsi & Cassandra Fontana & Maria Rita Gisotti & Maddalena Rossi, 2023. "Supporting Local Implementation of the European Green Deal through a Place-Based, Participatory Approach: Methodology for a Comprehensive Analytical Framework," Sustainability, MDPI, vol. 15(20), pages 1-16, October.

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